Premier Completes UK Block 23/22b Farmout

Premier Oil completed farmout agreements with Oilexco and BG relating to its interest in Block 23/22b which contains the Palaeocene Sparrow prospect (25-40 mmbbls, on trend with the recent Columbus discovery) along with a deeper Jurassic prospect. Oilexco is drilling a well to test a Jurassic prospect in the adjacent block 23/21, which will be sidetracked to test the Sparrow prospect. Premier will be carried for the costs of the well and will retain a 25% interest. The well is expected to spud imminently.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
 
Community Relations Manager Job
Expertise: Legal|PR / Corporate Communications|Project Management
Location: Red Wing, MN
 
Area Engineer Intern
Expertise: Electrical Engineering|Project Management|Student / Recent Grad
Location: Lubbock, TX
 
search for more jobs

Brent Crude Oil : $53.92/BBL 2.79%
Light Crude Oil : $51.08/BBL 2.66%
Natural Gas : $3.3/MMBtu 3.22%
Updated in last 24 hours